Moody National Bank Trust Division Has $1.66 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Moody National Bank Trust Division cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 27,576 shares of the restaurant operator’s stock after selling 1,161 shares during the quarter. Moody National Bank Trust Division’s holdings in Chipotle Mexican Grill were worth $1,663,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in Chipotle Mexican Grill by 3,824.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 317,175 shares of the restaurant operator’s stock worth $20,026,000 after purchasing an additional 309,093 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 5,296.6% in the second quarter. Parallel Advisors LLC now owns 20,885 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 20,498 shares during the period. Wealthspire Advisors LLC raised its holdings in Chipotle Mexican Grill by 5,360.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 9,010 shares of the restaurant operator’s stock valued at $564,000 after buying an additional 8,845 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Chipotle Mexican Grill by 4,397.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,667,522 shares of the restaurant operator’s stock worth $229,770,000 after buying an additional 3,585,979 shares during the period. Finally, Prosperity Consulting Group LLC grew its holdings in Chipotle Mexican Grill by 5,071.4% during the 2nd quarter. Prosperity Consulting Group LLC now owns 3,620 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 3,550 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMG. Jefferies Financial Group raised their price target on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. TD Cowen lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Raymond James increased their target price on shares of Chipotle Mexican Grill from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $66.81.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the transaction, the insider now owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Trading Down 0.5 %

Shares of Chipotle Mexican Grill stock opened at $56.24 on Tuesday. The stock has a fifty day simple moving average of $60.94 and a 200 day simple moving average of $57.96. Chipotle Mexican Grill, Inc. has a 12-month low of $45.50 and a 12-month high of $69.26. The company has a market capitalization of $76.63 billion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the firm posted $0.23 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.